Big Story articles

Omobola Johnson

Minister Launches Broadband Campaign

Minister Launches Broadband Campaign

Omobola Johnson, minister of communications technology, is one of the few Nigerian ministers who are passionate about how their ministries can contribute to the growth of the economy. The minister, during the soft launch of the Broadband awareness campaign organised by Compact Communications Limited in Lagos, disclosed that the information and communication technology, ICT, would increase the nation’s gross domestic product, GDP, by three per cent if broadband penetration is increased from six per cent


Rallying Against Subsidy Scam

A coalition of human rights activists and non-governmental organisations has taken up the gauntlet to enforce the recovery of various huge sums of money diverted from the Federation Account It is a rare collaboration but one that has the common good of Nigerians as its sole objective. Femi Falana, fiery Lagos lawyer and counsel to the Oil Probe Follow-up Group; Tokunbo Mumumi of Social Economic Right Accountability Project, SERAP; Olarewaju Suraj, Human and Environmental Development


Nigeria Scares Away Foreign Investors – Benjamin Akande, US-based economist

Nigeria is popularly known as the giant of Africa and the growth rate of its economy, which is rated among the best in the world, above the United States, US, and United Kingdom, UK, confirms that lofty position. Aside from the state of the economy, most of the successful physicians, businessmen, and academics in the US have Nigerian lineage. Also, most of its citizens, who went in pursuit of better education, also transformed from being


Keke Marwa: New Business Frontier for Women

Driven by the need to make ends meet, many women have abandoned their traditional area of business to become commercial tricycle operators, which they consider more profitable Time was 7.30am, Tuesday, February 4, 2014, and Bose Ogunlana, 34, had just finished preparing her three children for school. She too was getting ready to leave the house for her business. But Ogunlana, unlike most women, earns a living in a man’s world – operating a commercial

Adams Oshiomhole

IDH to Establish Ethanol Refinery in Edo

Efforts by the Edo State government to industrialise the state are beginning to bear fruits. Recently, Industrial Development Holding, IDH, a group of South African investors, expressed its resolve to turn Edo State into the China of Africa, beginning with the establishment of an ethanol refinery in the state. Mxolesi Mbetse, executive chairman, IDH, told Governor Adams Oshiomhole, during a courtesy visit in Benin, that “what we want to do in Edo State is that

Olusegun Mimiko

Akure Airport Now Cargo Terminal

The Akure Airport has been designated a perishable and non-perishable cargo airport by the federal government. Stella Oduah, minister of aviation, announced this during her courtesy visit to Olusegun Mimiko, governor, Ondo State, recently. According to the minister, the perishable cargo terminal project at the airport is meant to harness the agricultural export capacity of the state as it will provide a gateway for farmers and industrialist to have access to international market. Oduah added

Stock Floor

Boom or Burst for Investors?

The Nigerian Stock Exchange outperformed others in Africa in 2013 posting 44.6 per cent return on investment, which experts say is a reflection of the growth of the economy. But are the returns sustainable? Since the Nigerian stock market witnessed a near crash in 2009, several investors have been sitting on the fence. However, with the recent efforts of the Nigeria Stock Exchange, NSE, and Securities and Exchange Commission, SEC, the market has witnessed a


Glamour at UBA Awards

For employees of United Bank for Africa, UBA, and other stakeholders in the bank, it was a night of fun, entertainment and rewards February 8, 2014 as they gathered from across the country and beyond to celebrate members of staff who distinguished themselves in the 2013 financial year. The annual UBA CEO Awards ceremony, which took place at Eko Hotel, Lagos is an annual event that began in 2008. “It is only proper for us to


Jonathan sacks Oduah, three others

  President Goodluck Jonathan on Wednesday finally sacked the embattled Stella Oduah, Minister of Aviation, Others ministers that equally received the president’s boot are Caleb Olubolade, minister of Police Affairs; Godsday Orubebe, minister of Niger Delta and Yerima Ngama, minister of State for Finance. Whereas it is not yet clear why president Jonathan sent the ministers packing, it is believed that Oduah’s sack is connected with her touted approval for the purchase of two bullet-proof

Containers-inspection-at-Apapa-Pot_0168 (photo-by-Sunday-Adedeji)

Okonjo Iweala’s Losing Battle at the Ports

One after the other, regulatory agencies that were driven from the ports in 2011 to decongest the ports and reduce the cycle of clearing goods are finding their way back He could hardly curtail his anger. As he walked along the corridor of the Nigeria Customs Service, NCS, Apapa Port Command, he bemoaned the insensitivity of officials of the command over their extortionist tendencies. Not minding who was listening to his complaint, this clearing agent